A you need 3000 to buy a new stereo for your car if you, Ask an Expert

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(a) You need $3,000 to buy a new stereo for your car. If you have $1,200 to invest at 6% compounded annually, how long will you have to wait to buy the stereo?

(b) A stock will pay a dividend of $2 at the end of the year. It sells today for $100 and its dividends are expected grow at a rate of 4%. What is the implied rate of return on this stock? Enter in percent and round to two decimal places.

(c) A company pays out 40% of its earnings in dividends. Its return on equity is 14%. What is its growth rate? Enter in percent and round to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92066911

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